Flywire Corp
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
FLYW$22.35+1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss
(Unaudited) (Amounts in thousands, except share and per share amounts)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $156,815 | $123,323 | $374,594 | $302,549 |
| Costs and operating expenses: | ||||
| Payment processing services costs | 54,557 | 42,900 | 136,106 | 110,559 |
| Technology and development | 16,695 | 14,591 | 49,266 | 45,130 |
| Selling and marketing | 34,228 | 27,084 | 96,082 | 78,791 |
| General and administrative | 31,065 | 26,862 | 94,620 | 79,559 |
| Total costs and operating expenses | 136,545 | 111,437 | 376,074 | 314,039 |
| Income (loss) from operations | $20,270 | $11,886 | $(1,480) | $(11,490) |
| Other income (expense): | ||||
| Interest expense | (128) | (99) | (403) | (280) |
| Interest income | 4,970 | 3,841 | 16,568 | 7,711 |
| Gain (loss) from remeasurement of foreign currency | 5,457 | (4,233) | 2,079 | (3,518) |
| Total other income (expense), net | 10,299 | (491) | 18,244 | 3,913 |
| Income (loss) before (benefit from) provision for income taxes | 30,569 | 11,395 | 16,764 | (7,577) |
| (Benefit from) provision for income taxes | (8,327) | 752 | (2,035) | 2,276 |
| Net income (loss) | $38,896 | $10,643 | $18,799 | $(9,853) |
| Other comprehensive income (loss): | ||||
| Foreign currency translation adjustment | 4,904 | (2,581) | 3,736 | (499) |
| Unrealized gains on available-for-sale debt securities, net of taxes | 702 | — | 649 | — |
| Total other comprehensive income (loss) | 5,606 | (2,581) | 4,385 | (499) |
| Comprehensive income (loss) | $44,502 | $8,062 | $23,184 | $(10,352) |
| Net income (loss) attributable to common stockholders – basic and diluted | $38,896 | $10,643 | $18,799 | $(9,853) |
| Net income (loss) per share attributable to common stockholders – basic | $0.31 | $0.09 | $0.15 | $(0.09) |
| Net income (loss) per share attributable to common stockholders – diluted | $0.30 | $0.08 | $0.15 | $(0.09) |
| Weighted average common shares outstanding – basic | 124,887,591 | 116,492,191 | 124,204,873 | 112,495,539 |
| Weighted average common shares outstanding – diluted | 129,155,010 | 125,480,393 | 129,321,537 | 112,495,539 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.